Posts by Hometown Insurance
It’s a Matter of When, Not if, a Hurricane Will Hit Florida, Forecasters Say
SANFORD, Fla. (AP) — With the start of hurricane season less than a month away, U.S. officials who predict, prepare for and respond to natural disasters had a message for Floridians on Friday: It’s not a matter of if a …
Read More Two Tornadoes Down Trees on Homes, Kill One Person in Tallahassee
Two confirmed tornadoes and storms packing hurricane-force winds killed at least one woman Friday in Florida as a week of deadly severe weather continued in the South, where uprooted trees crashed onto homes and knocked out electricity to thousands in …
Read More People Moves: Tokio Marine HCC Expands Product Recall Offering With 2 Hires From AXA XL; London P&I Club’s CEO Gooch to Step Down, Succeeded by Bean
This edition of International People Moves details appointments at Tokio Marine HCC – Specialty Group and The London P&I Club. A summary of these new hires follows here. Tokio Marine HCC Expands Product Recall Offering With 2 Hires From AXA …
Read More Russia Court Suspends Corporate Rights of Alfa Bank Entities, Including Insurance Arm
A Russian court on Monday suspended the corporate rights of the Cyprus-registered holding companies of private lender Alfa Bank and its insurance arm Alfastrakhovanie, according to a court filing. The finance ministry earlier said that “anti-Russia” sanctions against these entities …
Read More PoloWorks Launches Managing General Agent Incubator
PoloWorks, a Lloyd’s and London Market insurance services business, announced the launch of Polo MGA – a managing general agent (MGA) incubator. This new offering provides services to both startup and established MGAs ranging from support with their formation to …
Read More Brazil Braces for More Rain as Historic Flood Damages Mount
The south of Brazil is preparing for the arrival of new rains and colder temperatures that threaten to deepen a crisis created by the historic floods that have deluged the region. As much as 300 millimeters (11.8 inches) of rain …
Read More Suspected Pirate Attack in Gulf of Aden Raises Concerns About Growing Somali Piracy
A European naval force detained six suspected pirates on Friday after they opened fire on an oil tanker traveling through the Gulf of Aden, officials said, likely part of a growing number of piracy attacks emanating from Somalia. The attack …
Read More Western Canada Wildfires Prompt Evacuations, Air Quality Warnings
The season’s first major wildfires have spread to roughly 10,000 hectares (24,710 acres) across Western Canada on Sunday as authorities issued an evacuation order for a community in British Columbia and warned of poor air quality across provinces. In British …
Read More Decayed, Broken Utility Pole Caused Largest Wildfire in Texas History: Report
LUBBOCK — A decayed utility pole that broke, causing power wires to fall on dry grass in the Texas Panhandle, sparked the state’s largest wildfire in history, a Texas House committee confirmed Wednesday. And other poorly maintained power equipment sparked …
Read More Catastrophe Bonds Use Models Underestimating Climate Risks, Investors Say
The risk models that helped drive one of the most lucrative bets of 2023 are increasingly being tested by smaller weather shocks fueled by climate change. Catastrophe bonds and other insurance-linked securities, which powered last year’s highest-returning hedge fund strategy, …
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